A three-year old cooperative has a successful operation for the year 2022. It has a net surplus of P625,500. The cooperative allocates 50% of net surplus to general reserve fund, 10% to education and training fund, 3% to community development fund and 7% to optional fund. How much of the net surplus maybe remitted to a union or federation chosen by the cooperative? ---------
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
A three-year old cooperative has a successful operation for the year 2022. It has a net surplus of P625,500. The cooperative allocates 50% of net surplus to general reserve fund, 10% to education and training fund, 3% to community development fund and 7% to optional fund.
How much of the net surplus maybe remitted to a union or federation chosen by the cooperative?
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